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$ 6,750,000
Est. payment | /mo
0.72 Acres Lot
$ 6,750,000
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision 15 - Upper Eastside
MLS Listing ID 25-3995
Year Built 1940
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 31363.0
Source Santa Barbara Multiple Listing Service
Property Description
Prime opportunity for the savvy developer/investor to take advantage of the new flexible Adaptive Re-Use ordinance and favorable R-M zoning, to re-purpose inside the walls of a classic historic building into apartments or condominiums. As one of Santa Barbara's most treasured and unique properties, in an A++ location where downtown transitions to the Upper East and directly across from Alick Keck Park gardens, ''The McCormick House'' has been used commercially since the late 1960's as an art education center. The approx. 12,500+/-SF structure (incl. full ceiling height lower level) had a major systems renovation in the 1990's. Mills Act potential property tax reduction may add to the investment benefits. Contact agents for details and examples. Floorplans and ARU code under Documents.
Location
State CA
County Santa Barbara
Community 15 - Upper Eastside
Exterior
Parking Features Other
Building
Lot Description Near Public Transit
Foundation Mixed
New Construction No
Others
Tax ID 027-192-020
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Berkshire Hathaway HomeServices California Properties
Schools and Properties Nearby
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